SEC To Look At Competition In Credit Rating Industry

Law360, New York (October 9, 2007, 12:00 AM EDT) -- U.S. Securities and Exchange Commission Chairman Christopher Cox revealed a significant detail about the regulator's examination of credit rating agencies on Tuesday, saying that the commission is also looking into potential anti-competitive practices in the industry.

Speaking to reporters after a corporate governance conference on Tuesday, Chairman Cox said that the agency's newly granted authority to look more closely at the business practices of credit rating firms has led the regulator to focus on the competition in the industry.